Digital Realty Buys $3.5 Billion Blackstone Data Center Stake as Shares Fall 3.7%
Updated
Updated · CNBC · Jun 30
Digital Realty Buys $3.5 Billion Blackstone Data Center Stake as Shares Fall 3.7%
3 articles · Updated · CNBC · Jun 30
Summary
Digital Realty said it is acquiring a $3.5 billion stake in three Northern Virginia data centers from Blackstone, with the transaction expected to close Tuesday.
The Austin-based company will fund the deal with $1.2 billion in cash and $2.3 billion in shares for assets valued at $7.8 billion.
The purchase covers Blackstone's 80% interest in two 96-megawatt data centers in Manassas and a 50% interest in one 96-megawatt facility in Sterling.
Digital Realty shares fell 3.7% in premarket trading after the announcement, signaling investor caution over the large mixed cash-and-stock deal.